STCI Primary Dealer Ltd.

• Consumer Price Index (Combined) inflation for August 2023 printed at 6.8%, significantly lower than the previous reading of 7.4%. • Headline WPI inflation for August 2023 printed at -0.5% as compared to -1.4% in the previous month. • IIP growth for July 2023 printed at 5.7 %, higher than the revised reading of 3.8 % in June 2023, on a year-on-year basis. • In the Third Bi-monthly Monetary Policy for FY24, the MPC unanimously decided to maintain status quo on policy rates. Consequently, key policy rates stand unchanged: Repo rate at 6.50%, Standing Deposit Facility rate at 6.25% and Marginal Standing Facility and Bank rate at 6.75%. • Real gross domestic product for Q1FY24 noted a growth of 7.8% on a year-on-year basis, as compared to 13.1% in Q1FY23.

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The call/notice/term money market is a market for trading very short term liquid financial.

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